Looking to diversify beyond XHLF? The ETFs below have historically moved differently from XHLF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XHLF
1755 ETFs have low correlation with XHLF (below 0.3), 206 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.21, roughly unchanged from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.21 | -0.17 | — | 56 | Commodities | XHLF vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.17 | — | 61 | Commodities | XHLF vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.21 | — | — | 58 | Commodities | XHLF vs DCMT | |
| KFA Mount Lucas Index Strategy ETF | -0.21 | -0.08 | -0.12 | 51 | Systematic Trend | XHLF vs KMLM | |
| Invesco DB Oil Fund | -0.20 | -0.15 | — | 51 | Oil & Gas | XHLF vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XHLF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) (Technology) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.16 | 0.16 | 0.16 | 62 | Technology |
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